Examlex
Nat wants to comply with the FTC's recommendations regarding consumer-oriented commercial websites that collect personal identifying information from or about consumers. Which of the following is NOT one of the recommendations made by the FTC?
Simple Consideration
The minimal requirement of value that must be exchanged between parties entering into a contract, for the contract to be considered valid.
Indorsement
The act of signing the back of a negotiable financial instrument, thereby making it payable to someone other than the named holder.
Signature
A person's name written in a distinctive way as a form of identification in authorizing a document.
Check
A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a designated entity from the drawer's account.
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